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Six Measures of Solvency or Proftability The following data were taken from the financial statements of Gates Inc. for the current fiscal year: Assuming that

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Six Measures of Solvency or Proftability The following data were taken from the financial statements of Gates Inc. for the current fiscal year: Assuming that total assets were $4,668,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities 2.1 b. Ratio of liabilities to stockholders' equity 0.3 c. Asset turnover 6.2 x d. Return on total assets 10.5% e. Return on stociholders' equity f. Return on common stocktholders' equity

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